Campbell Capital Management Inc. Acquires 955 Shares of Meta Platforms, Inc. (NASDAQ:META)

Campbell Capital Management Inc. increased its stake in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 12.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 8,503 shares of the social networking company’s stock after buying an additional 955 shares during the quarter. Meta Platforms makes up 1.8% of Campbell Capital Management Inc.’s portfolio, making the stock its 19th biggest position. Campbell Capital Management Inc.’s holdings in Meta Platforms were worth $4,129,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Madison Wealth Partners Inc boosted its position in shares of Meta Platforms by 1.6% during the fourth quarter. Madison Wealth Partners Inc now owns 1,417 shares of the social networking company’s stock valued at $502,000 after buying an additional 23 shares during the last quarter. Addison Advisors LLC lifted its holdings in Meta Platforms by 3.9% in the fourth quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock valued at $237,000 after acquiring an additional 25 shares during the period. Smithfield Trust Co boosted its position in Meta Platforms by 0.5% in the fourth quarter. Smithfield Trust Co now owns 4,895 shares of the social networking company’s stock worth $1,730,000 after purchasing an additional 25 shares during the last quarter. American National Bank grew its stake in shares of Meta Platforms by 1.6% during the 4th quarter. American National Bank now owns 1,590 shares of the social networking company’s stock valued at $563,000 after purchasing an additional 25 shares during the period. Finally, WoodTrust Financial Corp increased its position in shares of Meta Platforms by 1.8% during the 4th quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock valued at $548,000 after purchasing an additional 27 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $431.05, for a total value of $252,164.25. Following the completion of the sale, the insider now owns 36,643 shares of the company’s stock, valued at $15,794,965.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Meta Platforms news, CEO Mark Zuckerberg sold 77,412 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $506.92, for a total transaction of $39,241,691.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 585 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $431.05, for a total value of $252,164.25. Following the completion of the transaction, the insider now directly owns 36,643 shares in the company, valued at $15,794,965.15. The disclosure for this sale can be found here. Insiders have sold a total of 422,564 shares of company stock worth $208,591,435 in the last ninety days. 13.71% of the stock is owned by insiders.

Meta Platforms Stock Down 1.4 %

Shares of META stock traded down $7.14 during mid-day trading on Tuesday, hitting $499.49. The stock had a trading volume of 12,850,339 shares, compared to its average volume of 16,611,512. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. The firm has a market capitalization of $1.27 trillion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 1.31 and a beta of 1.21. The firm’s 50-day moving average is $480.14 and its two-hundred day moving average is $444.30. Meta Platforms, Inc. has a 12-month low of $274.38 and a 12-month high of $531.49.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The business had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. On average, analysts predict that Meta Platforms, Inc. will post 20.16 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Friday, June 14th. Meta Platforms’s payout ratio is presently 11.49%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Loop Capital decreased their price target on shares of Meta Platforms from $555.00 to $550.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. JPMorgan Chase & Co. decreased their price objective on Meta Platforms from $535.00 to $480.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Rosenblatt Securities upped their target price on shares of Meta Platforms from $520.00 to $562.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a research report on Thursday, April 25th. Finally, JMP Securities reissued a “market outperform” rating and issued a $550.00 price target on shares of Meta Platforms in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and an average price target of $510.41.

View Our Latest Stock Analysis on META

Meta Platforms Profile

(Free Report)

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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